It's no secret that ChatGPT, the large language model-powered artificial intelligence from OpenAI, has taken the internet by storm. Everyone is talking about it, everywhere online--Gizmodo included. The AI chatbot can almost instantly generate paragraphs of human-like, fluid text in answer to basically any prompt you can come up with (just don't rely on it to do your math homework correctly, or provide an accurate substitute for researched writing). And the scope of ChatGPT's ascent is probably even more astounding than you think. The chatbot has become the fastest growing consumer-facing application in history, according to a new analysis from Swiss investment bank, UBS, as reported by multiple financial outlets.

The 2019 edition of Opus Research's Decision Makers' Guide to Enterprise Intelligent Assistants report determined [24]7 AIVA to be a top solution for enterprises, and the only virtual agent solution capable of delivering across a breadth of simple FAQs to complex, conversational issues to online transactions. The Opus report presents a comprehensive assessment of 16 enterprise-grade Intelligent Assistant solution providers, with a focus on natural language processing, machine learning, AI, analytics and customer management integration to power digital self-service solutions. The report highlights [24]7 AIVA's ability to support both voice and digital channels and deliver unified self-service, calling out the company's differentiators as being a unique blend of AI and human insights, two decades of unparalleled experience in customer journeys across all channels, and proprietary insights including more than 150 patents and patent applications. "We analyzed a short-list of the leading providers in natural language processing, machine learning, AI and analytics to develop the industry's most comprehensive assessment of today's virtual agents and digital self-service solutions," said Dan Miller, lead analyst, Opus Research. An agent can take over a bot conversation at any time, and hand the conversation back to the bot to complete the interactions.

Banks could save billions of dollars by using technology such as automation and artificial intelligence, according to a study released Thursday by Accenture. By using technology to automate jobs or help employees at work, North American banks could save more than $70 billion by 2025, the study showed. Across the entire financial services industry, which includes banking, insurance, and capital markets, savings could be between $87 billion and $140 billion in the same time frame. "Massive social and technology change is creating a range of threats and challenges," for financial services firms, Accenture wrote. But, it also creates "the opportunity to unlock significant value through a new workforce, new ways of working, and new job roles."

Bankers are rushing to take Oxford University's courses on fintech, blockchain strategy, algorithmic trading, and artificial intelligence before robots take their jobs. More than 9,000 people from upwards of 135 countries have taken the online open courses, which focus on digital transformation in business, at the university's Saïd Business School, a spokesperson told Markets Insider. The fintech course, the first of five to be launched, has run 12 times and attracted nearly 4,300 students in less than two years. The average age of participants across the courses is 39, and two-thirds of them came from the financial services sector, suggesting experienced professionals are returning to school to understand how their industry is being disrupted and learn the skills needed to weather the changes. Bankers' fears of being replaced by robots are well founded.

BILLERICA, Mass., Feb. 15, 2018 (GLOBE NEWSWIRE) -- OrboGraph, a premier developer and supplier of intelligent electronic/paper automation leveraging recognition technologies, image validation and check fraud detection for the U.S. check processing and healthcare revenue cycle markets, was recently highlighted in the February edition of The TECHNOLOGY HEADLINES: "Top 10 Artificial Intelligence (AI) Solution Providers to Watch in 2018". Artificial Intelligence investment will reach around $150 billion by 2030 across major industries such as automotive, banking and healthcare. OrboGraph's focus is to automate payments via Intelligent Payment Automation technology. The company looks at AI to improve efficiencies into the entire payment mix and facilitate electronification of payments, which ultimately reduces payment costs. Walk down the isle of any banking or healthcare trade show and it seems like almost every vendor has an AI story.